North Iowa Corridor Economic Development Corporation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 412,535 | 397,049 | 15,486 | 11.5 | 51% |
| 2012 | 436,332 | 591,162 | −154,830 | 40.4 | 32% |
| 2013 | 412,572 | 418,979 | −6,407 | 56.9 | 51% |
| 2014 | 419,717 | 407,175 | 12,542 | 58.9 | 57% |
| 2015 | 459,751 | 389,535 | 70,216 | 63.7 | 20% |
| 2016 | 427,072 | 430,225 | −3,153 | 57.6 | 25% |
| 2017 | 488,734 | 452,828 | 35,906 | 54.8 | 26% |
| 2018 | 487,297 | 509,392 | −22,095 | 48.2 | 25% |
| 2019 | 460,496 | 496,691 | −36,195 | 48.6 | 27% |
| 2020 | 482,333 | 486,839 | −4,506 | 49.5 | 30% |
| 2021 | 472,824 | 516,576 | −43,752 | 45.6 | 56% |
| 2022 | 546,325 | 572,138 | −25,813 | 40.6 | 51% |
| 2023 | 507,544 | 489,776 | 17,768 | 47.9 | 56% |
In its most recent public year (2023), this organization brought in $17,768 more than it spent. Its reserves stood at about 47.9 months of spending, up from 11.5 in 2011. Staff pay was 56% of spending. $1,300,164 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
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